Question

Which term is defined as the difference between the value of a nation’s imports and the value of its exports? A. per capita income B. gross domestic product C. consumer price index D. balance of trade

Answer 1

The benefit a country of the difference in value between a nation's exports animports, including both goods and services. ... Shortfall that occurs when the total value of a nation's imports is higher than the total value of its exports. Balance of payments. A measure of the total flows of money into or out of a country.